SETTLEMENT PROPOSAL SENT TO BC SECURITIES COMMISSION ON NOVEMBER 7, 2013!

By November of 2013, Primex (the Lender) was becoming very impatient and needed the Deercrest property to move forward one way or another. I approached Kerkhoff Construction and they agreed (with many other terms) to allow the investors in both Falls Capital Corp and Deercrest Construction Fund to participate as non-voting shareholders. This would have seen the investors participate in net profits of the Deercrest property as it was developed.

As you see, the Settlement Agreement focused on the well-being of the former investors and allowed light at the end of the tunnel in terms of possibly seeing funds put back into their control.